Recent fire damage in a Newcastle rental property.
It may, or may not, come as a surprise to learn that landlord’s insurance is not compulsory in NSW. By choosing to not pay for landlord insurance you may think that you are saving money, but it’s a false economy. Here at Walkom Real Estate, our decades of experience … Read the full post »
With a new government in NSW comes more changes to property taxation that stand to benefit first home buyers. The planned changes to stamp duty thresholds and access to more first home buyers’ concessions will see five out of six first home buyers paying a reduced or zero stamp duty.
Property analysts are reversing their dire outlook on the future state of the industry and seeing an increase or stabilisation in property values rather than the decline previously forecast. According to The Australian Financial Review, Westpac had previously predicted an 8 percent decline in Sydney property values but is now confident of … Read the full post »
The NSW Government has announced stamp duty will be temporarily scrapped for first-home buyers purchasing newly-built properties worth up to $800,000 and heavily discounted for homes priced up to $1 million.
Commencing August 1, the threshold above which stamp duty will be charged on new homes for first-home buyers will increase from the current $650,000 … Read the full post »
Newcastle’s property market forecast is looking more resilient for the next three years compared to Sydney and the other capital cities. Newcastle’s median house price presently, $604,000 is expected to dip by around 3%-5% to 2022 but bounce back in 2023. By comparison Sydney’s median home price now, $1,147,000 is forecast to fall by 7.9% by 2022 and … Read the full post »
After sustaining a decline of around 15% since the peak in mid 2017 ,the Sydney property market is now holding. With forecasters such as the NAB and ANZ advising of a flat or slowly rising market towards the end of 2019 and a small rise in property prices of 3% in 2020.
ANZ’s Senior Economists; Adelaide Timbrell & Felicity Emmett*, advised this change … Read the full post »
First home buyers should consider their property as both a place to live and a cornerstone financial asset. Your first property is likely to fund your second, so you need it to achieve good capital growth.
Therefore, we recommend buying the best property you can, within the category you can afford; and holding it for the long term to ensure excellent re-sale … Read the full post »
We are in the top 10! for annual dwelling value change in regional areas. The NAB Housing Price Update in June 18 shows Newcastle and Lake Macquarie were up 5.2%. Sydney’s house prices by comparison was down 4.2%. Also, the BIS Oxford Economics forecast that Newcastle’s median house price is expected to increase by 6% in the next three years by 2020/21 … Read the full post »
The Gastronomic Lunch is the brainchild of Neil Slater, founder of Scratchley’s on the Wharf. Since its birth in 2004, The Gastronomic Lunch has raised roughly 1.1 million for the Hunter Medical Research Institution with a further $136,000 raised on 7th May 2017.
Chefs from Newcastle’s most esteemed restaurants worked together on a six-course meal that is unequalled in the region. In 2017, the event’s annual auction included a signed piece … Read the full post »